Cadre Holdings, Inc. (NYSE:CDRE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Cadre Holdings, Inc. (NYSE:CDRE) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $45.00.

Several analysts have recently issued reports on CDRE shares. Zacks Research raised shares of Cadre from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 4th. UBS Group set a $43.00 price objective on shares of Cadre in a report on Monday, August 10th. Jefferies Financial Group reiterated a “buy” rating and issued a $43.00 price objective on shares of Cadre in a research note on Sunday, August 9th. Roth Capital restated a “buy” rating and set a $43.00 target price (up from $40.00) on shares of Cadre in a research report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cadre in a report on Monday, August 17th.

Insider Buying and Selling

In other Cadre news, CEO Warren Kanders sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $30.03, for a total value of $3,003,000.00. Following the completion of the transaction, the chief executive officer owned 9,817,039 shares in the company, valued at $294,805,681.17. This trade represents a 1.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 275,000 shares of company stock valued at $8,427,500. 30.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cadre

A number of institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Cadre during the second quarter valued at approximately $83,730,000. Reinhart Partners LLC. lifted its stake in Cadre by 22.4% in the 2nd quarter. Reinhart Partners LLC. now owns 2,738,373 shares of the company’s stock worth $78,071,000 after purchasing an additional 500,476 shares in the last quarter. State Street Corp boosted its holdings in Cadre by 6.7% in the 4th quarter. State Street Corp now owns 1,217,689 shares of the company’s stock valued at $49,730,000 after purchasing an additional 76,685 shares during the period. California State Teachers Retirement System boosted its holdings in Cadre by 3,490.6% in the 2nd quarter. California State Teachers Retirement System now owns 1,026,702 shares of the company’s stock valued at $29,271,000 after purchasing an additional 998,108 shares during the period. Finally, GW&K Investment Management LLC grew its position in shares of Cadre by 6.3% during the 4th quarter. GW&K Investment Management LLC now owns 824,927 shares of the company’s stock valued at $33,690,000 after purchasing an additional 48,638 shares in the last quarter. 43.95% of the stock is owned by hedge funds and other institutional investors.

Cadre Stock Down 0.3%

Shares of NYSE CDRE opened at $29.67 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.14 and a quick ratio of 1.35. The stock has a market capitalization of $1.27 billion, a PE ratio of 34.91, a P/E/G ratio of 1.00 and a beta of 1.31. Cadre has a one year low of $25.73 and a one year high of $48.76. The business’s fifty day moving average price is $30.92 and its 200-day moving average price is $32.16.

Cadre (NYSE:CDRE) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $207.13 million for the quarter, compared to analysts’ expectations of $178.29 million. Cadre had a return on equity of 12.02% and a net margin of 5.26%. On average, equities research analysts anticipate that Cadre will post 1.33 EPS for the current year.

Cadre Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 14th. Investors of record on Friday, July 31st were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. Cadre’s dividend payout ratio is 47.06%.

About Cadre

Cadre (NYSE:CDRE) is a technology‐driven real estate investment platform that offers accredited and institutional investors direct access to institutional‐grade commercial properties. Established in 2014, Cadre leverages a data-centric approach to identify, underwrite and manage investments in multifamily, office, retail and industrial assets across major U.S. markets. The firm’s platform is designed to streamline the investment process, from deal sourcing and due diligence to ongoing asset management and reporting.

Through its online marketplace, Cadre provides a curated selection of equity and preferred equity offerings, allowing investors to participate in individual properties or diversify across a managed portfolio.